Professional Liability- HI Tech
Professional Liability policy defends the company and those who professionalize in the different fields of HI Tech Industries and may be liable for financial damages that results from consulting, software, Internet, and other technological products.
The policy is based on "Wrongful Act" that occurred by the company or one of its employees that caused damage to any Third Party such as:
Negligence, Error or Omission, Breach of Duty, Lack of Supervision
Cyber Liability, including Privacy Breach, Network Security Breach, Virus Transmission.
Dishonesty of Employees, Loss of Documents
Intellectual Property, Libel & Slander Defamation
The policy covers Legal expenses of Investigation, defense, adjustment, settlement or appeal of any claim due to "Wrongful Acts" as long as the coverage is not excluded from the policy.
The policy provides very broad coverage for the company's managers and employees under their professional activities.
Combined Errors & Omissions Policy for HI Tech Companies
The combined policy covers two types of direct damages that the company's product may cause: Financial and Physical Loss.
The policy is based on Professional Liability as detailed above within additional coverage for Physical damages/Bodily Injuries caused by the product.
Who needs the Insurance?
The insurance specially tailored for companies and professionals in the Hi Tech field: Software, Hardware, Electronics, Internet and other areas that can be defined as Hi Technology.
Additional Insurance for Hi Tech Companies: Directors & Officers Insurance, Property Insurance and Product Liability.